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MITTAL NOW 4TH RICHEST IN UK

Arcelor Mittal Chairman and CEO Lakshmi Mittal’s wealth has plummeted, but the Hinduja brothers have become the richest Asians in the UK, while Lord Swraj Paul has emerged as the wealthiest Peer. Mittal, 62, who spent eight years at the top of the list, has dropped down to fourth position this year, with a fortune […]

M&M’S E2O REVA IS UNVEILED

Home-grown auto manufacturer Mahindra & Mahindra has unveiled its electric passenger car e2o, priced at INR 5.96 Lac, which promises a running cost of just 0.50 Paise per Km, nearly one tenth that of a petrol car and about one fifth that of a diesel car. This is the first launch by M&M after its […]

IT SECTOR TO TOUCH INR 1.7 LAKH CR

India’s domestic IT industry turnovers are expected to cross INR 1.7 Lakh Crore by 2016, clocking a growth of 12% compounded annually over next 4 years, as against INR 1 Lakh Crore in 2011, said a report by the Boston Consulting Group (BCG). According to the report, the Indian IT sector was worth INR 99,700 […]

TAJ PALACE GETS NEW LEASE OF LIFE

Luxury Hotel Taj Palace seems to have got a new lease of life with the Delhi Development Authority (DDA) renewing its lease for next 25 years. In an official statement, Tata Group hospitality major Indian Hotels Company said on Thursday that The Taj Group has received the consent from DDA, confirming renewal of the license […]

ADITYA BIRLA GROUP TOPS REPUTATION LIST IN INDIA

Aditya Birla Group (ABG), Tata motors and LIC of India have emerged as the top three companies this fiscal, out of 40 leading Indian firms in terms of reputation, according to a study by information and insights provider Nielsen. As per Nielsen’s corporate image monitor 2012-13, conglomerate ITC ranked fourth while IT major Infosys and […]

GALAXY S4 RECOGNIZES HAND, EYE MOVEMENTS

Samsung has introduced the Galaxy S4, the world’s first ever handset to be powered by a mammoth 8 core processor. Unveiling its flagship smartphone during the second half of March this year at an event in New York, Samsung said that the Galaxy S4 is capable of recognizing hand and eye movements, and will compete […]

RIL TO INVEST US$ 27 BILLION IN NEXT FOUR YEARS

Reliance Industries Limited (RIL) plans to invest about US$ 27 Billion in the next four years across its core Oil & Gas and petrochemical businesses, and also into new ventures like Telecom. RIL will spend US$ 11 Billion in Oil & Gas exploration, including US shale gas ventures and US$ 4 Billion into downstream processing […]

Balance of Trade Adverse For India

India has a negative trade balance with as many as 110 countries including China, Singapore, Germany, Indonesia, Australia and the UK, the Minister of State for Commerce and Industry D Purandeswari informed Parliament the other day, while replying to a question. She said that bilateral trade between India and China has declined by 11.60% year-on-year […]

Renault- Nissan Will Set-Up Another Plant

Franco-Japanese automaker Renault- Nissan has said that it will invest another US$ 320 Million to expand its operations in India, reports mail today. The intention, it seems is to cash-in on the rising demand for low-cost vehicles in emerging markets. The auto giant will spend 30 Billion Yen (US $ 320 Million) to build a […]

Etihad-Jet Airlines Deal In The Works

Abu Dhabi’s Etihad Airways paid US$ 70 Million to Jet Airways to buy three pairs of Jet’s slots at London’s Heathrow Airport, the Gulf carrier disclosed. This purchase is part of a sale and leaseback agreement signed on February 26, 2013, and Jet would continue flying to London using the slots. Etihad is currently in […]

Proctor & Gamble To Invest US $ 1 Billion

The US$ 84 Billion FMCG giant Procter and Gamble (P&G) has chalked out a US$ 1 Billion investment plan for India over the next five years, as part of a strategy to look at emerging markets. The move comes at a time when many companies have complained of problems in doing business with India of […]